Opendoor rises after CEO Kaz Nejatian touts an explosion in its home-buying footprint
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Opendoor Technologies' stock rose after CEO Kaz Nejatian highlighted a significant expansion in the company's home-buying footprint, now covering the entire lower 48 states. This rapid growth was attributed to the adoption of AI, which accelerated the expansion process from 10 years to 10 weeks. Nejatian emphasized a "default to AI approach" in his first earnings call as CEO, pledging to launch Opendoor everywhere in the lower 48.
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